Lesaka Q2 revenue $143.9M, EBITDA $9.6M beats guidance; net loss narrows 57% YoY

LESAKA TECHNOLOGIES INC

2024-Q2 EPS reported -$0.13 revenue$279,982,000

Revenue $143.9M (+6% USD, +13% ZAR YoY); operating income $2.3M vs loss $2.2M in Q2'23.
Net loss $2.7M vs $6.6M prior year (57% improvement in ZAR); GAAP loss per share $0.04 vs $0.11.
Group Adjusted EBITDA $9.6M exceeded upper end of guidance, up 38% in ZAR YoY.
Consumer Division Segment EBITDA up 445% YoY; Merchant Division revenue up 13% ZAR.
FY2024 guidance reaffirmed; net debt/EBITDA improved to 2.7x from 3.6x.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

LESAKA TECHNOLOGIES INC reported the second quarter ended December 31, 2023 results: revenue Revenue of $143.9 million, net income Net loss of $2.7 million. Guidance reaffirmed.

Period: the second quarter ended December 31, 2023
Revenue: Revenue of $143.9 million
Net income: Net loss of $2.7 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Technologies, Inc. (Nasdaq: LSAK; JSE: LSK) today released results for the second quarter ended December 31, 2023 ("Q2 2024"). Performance Highlights for Q2 2024 : Revenue of $143.9 million (ZAR 2.7 billion) 1 in Q2 2024, compared to $136.1 million (ZAR 2.4 billion) 1 for the second quarter ended December 31, 2022 ("Q2 2023"). In South African Rand ("ZAR"), revenue

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Source: SEC EDGAR

accession 0001062993-24-002069

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